Exercise 8-15 (Algo) LIFO; perpetual system [LO8-1, 8-4] Altira Corporation provides the following information related to its inventory during the month of August 2024 August 1 Inventory on hand-3,800 units; cost $7.90 each. August & Purchased 19,000 units for $7.30 each. August 14 Sold 15,200 units for $13.00 each. August 18 Purchased 11,400 units for $6.00 each. August 25 Sold 14,200 units for $12.00 each. August 28 Purchased 5,300 units for $5.00 each. August 31 Inventory on hand-10,600 units. Using calculations based on a perpetual inventory system, determine the inventory balance Altura would report in its August 31, 2024, balance sheet and the cost of goods sold it would report in its August 2024 income statement using last-in, first-out (LIFO) Cost of Goods Available for Sale Cost of Goods Sold-August 14 Cost of Goods Sold August 25 Inventory Balance Perastual LIEO: Cost Number of units per unit Cost of Goods Available for Sale Number of Cost units sold per unit Goods Sold Cost of Number of units sold Cost per Cost of Total Cost of Number of Goods Sold Goods Sold units in ending Cost per Ending Inventory inventory Beginning Inventory 3,800 $7.90 $ 30.020 $7.90 $1 $7.90 $ 0 $ 7.90 Purchases August 8 15.000 7.30 138,700 7.30 730 7.30 August 18 11.400 680 17.520 6.00 680 6.80 0 August 28 Total 5,000 5.00 33.640 500 580 580 40,000 S 279,000 0 S 0 S 05 0 S 0